There were a grand total of like four people plus Token and Omex, or something very close to that amount, so they called it off and just played casuals, at least as far as I know (I admit I stopped paying attention after things didn't take off). I'm willing to chalk this up to the XBL community for P4A being a lot smaller than the PSN one, but the release of BBCP has also severely turned interest, which is also a big factor that might affect today as well :c
3PM ESTish, I think/assume. Or most likely some minutes after this, but you know.